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Insurance Groups Pushing Hard for Georgia Tort Reform as State Liability Costs Soar

Insurance Journal

Georgia’s governor has asked state lawmakers for $175 million to cover the growing costs of liability claims against state agencies and employees, as the state’s liability insurance fund has dwindled to a fraction of the outstanding costs. The Atlanta Journal-Constitution …

Liability 272
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Viewpoint: Early Action Key to Mitigating Risk in Professional Liability Claims

Insurance Journal

Professional liability claims impact a multitude of professions, including those in the legal, medical, financial and insurance industries. Claims for malpractice, breach of contract, breach of fiduciary duty and related issues can result in widespread premium increases and professional discipline.

Liability 264
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Inflation, Rising Claim Costs, Riskier Business Reasons Cited for Rate Increases in A&E Market: Survey

Insurance Journal

Architects and engineers professional liability insurers report concerns about the persistent effects of inflation on claim expenses, uncertainty about the U.S. economy, higher risk project types and professional design disciplines, as well as new exposures from artificial intelligence (AI), according …

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How a Liability Claim Can Ruin Your Business – And How to Protect Yourself

Property Insurance Centre

How a Liability Claim Can Ruin Your Business And How to Protect Yourself No matter how well you run your business, a single liability claim can have devastating consequences. Whether you’re a small business owner, contractor, or entrepreneur, understanding liability risks is crucial for survival.

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How Iran Oil Link Could Complicate Insurance Claims After Tankers Collide Off Singapore

Insurance Journal

A collision between two tankers off Singapore in July raises questions over insurance claims, as one of the vessels previously shipped Iranian oil, potentially complicating payments due to Western sanctions, ship-trackers and industry sources say. What Happened? The Singapore-flagged Hafnia …

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How Much Is Professional Liability Insurance

Simply Insurance

Discover the factors that influence the cost of professional liability insurance, including coverage limits, industry specifics, and risk assessments. Learn how to find the best rates and protect your business from potential claims.

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How Much Is Product Liability Insurance

Simply Insurance

Discover the factors that influence the cost of product liability insurance, including coverage options, industry risks, and tips for finding the best rates. Learn how to protect your business from potential claims and ensure financial security.